Can you write off what vehicles are over 6000 lbs?
Vehicle Expensessmall business ownersfreelancersreal estate agentsconstruction contractorsvehicle
To qualify for the Section 179 deduction, the vehicle must be used more than 50% for business purposes. The deduction is limited to the business-use percentage of the vehicle's cost. SUVs and certain other vehicles over 6,000 lbs but less than 14,000 lbs are subject to a maximum deduction limit (e.g., $28,900 for 2023). If the vehicle is used less than 50% for business, depreciation must be calculated using the Alternative Depreciation System (ADS). Vehicles like heavy trucks and vans may not have the same limits as SUVs. It's crucial to maintain accurate records of business use to substantiate the deduction.